Northrop Grumman (NYSE:NOC) PT Raised to $560.00

Northrop Grumman (NYSE:NOC) had its price target boosted by analysts at Susquehanna from $540.00 to $560.00 in a report issued on Friday, Benzinga reports. The firm currently has a “positive” rating on the aerospace company’s stock. Susquehanna’s price target would suggest a potential upside of 16.56% from the company’s current price.

NOC has been the topic of a number of other research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $450.00 price objective (down previously from $515.00) on shares of Northrop Grumman in a research note on Friday, January 26th. TheStreet cut shares of Northrop Grumman from a “b+” rating to a “c+” rating in a research note on Thursday, January 25th. StockNews.com lowered shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price objective on the stock in a research note on Monday, April 22nd. Finally, Robert W. Baird lifted their target price on shares of Northrop Grumman from $475.00 to $505.00 and gave the stock a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $503.00.

Northrop Grumman Stock Down 1.6 %

NOC stock opened at $480.45 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.13 and a quick ratio of 1.05. The company’s 50 day simple moving average is $462.59 and its 200-day simple moving average is $465.77. Northrop Grumman has a 12 month low of $414.56 and a 12 month high of $496.89. The firm has a market capitalization of $71.20 billion, a PE ratio of 33.60, a P/E/G ratio of 1.93 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, April 25th. The aerospace company reported $6.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.83 by $0.49. The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $9.77 billion. Northrop Grumman had a return on equity of 24.09% and a net margin of 5.38%. Northrop Grumman’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.50 EPS. Equities analysts expect that Northrop Grumman will post 24.7 earnings per share for the current fiscal year.

Insider Transactions at Northrop Grumman

In other news, VP Kathryn G. Simpson sold 711 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $453.22, for a total transaction of $322,239.42. Following the completion of the sale, the vice president now owns 2,024 shares in the company, valued at approximately $917,317.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Kathryn G. Simpson sold 711 shares of Northrop Grumman stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $453.22, for a total transaction of $322,239.42. Following the transaction, the vice president now owns 2,024 shares in the company, valued at approximately $917,317.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael A. Hardesty sold 210 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $454.68, for a total transaction of $95,482.80. Following the sale, the chief accounting officer now directly owns 3,127 shares of the company’s stock, valued at $1,421,784.36. The disclosure for this sale can be found here. Insiders have sold a total of 3,149 shares of company stock worth $1,421,147 in the last three months. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Northrop Grumman

Several hedge funds and other institutional investors have recently bought and sold shares of NOC. Headlands Technologies LLC purchased a new stake in shares of Northrop Grumman during the fourth quarter valued at approximately $25,000. SRS Capital Advisors Inc. grew its holdings in Northrop Grumman by 960.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 48 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Northrop Grumman in the 3rd quarter worth $29,000. Frazier Financial Advisors LLC purchased a new position in Northrop Grumman in the 4th quarter valued at about $29,000. Finally, McIlrath & Eck LLC grew its position in shares of Northrop Grumman by 247.6% in the 4th quarter. McIlrath & Eck LLC now owns 73 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 52 shares in the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.